NEN 0.00% 22.0¢ neon capital ltd

increase over pre drill estimate., page-3

  1. 2,408 Posts.
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    You're right Meathead, it will take a few days for this to sink in.

    On a quick read some will think the recoverable figure of 7.9-23.6 MB is for all of Paloma rather than one single zone.

    To date only the 3 lower zones have been tested and all appear commercial. The Fruitvale and Lower Stevens could easily exceed the Lower Antelope figures based on information released so far.

    My gut feeling based on incomplete info is that we are likley to be looking at a recoverable reserve ranging from 24MB in the worst case to around 70MB in the upper case.

    Taking an average at 47MB thats a 42% increase over pre drill estimates.
 
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